I'm just reading about the above CGT exemption and had a question.
It seems that it applies to ALL property but that you must own it for at least 7 years. Does this mean that I could buy a site now, build a house on it in 6-7 years time and then sell it without incurring any CGT liability?
It seems that it applies to ALL property but that you must own it for at least 7 years. Does this mean that I could buy a site now, build a house on it in 6-7 years time and then sell it without incurring any CGT liability?